Paused: Reform Bill proposes VAT rise from 7.5% to 10% A Bill to raise immediately VAT by 2.5% to 10%, and then to 15% by 2027, has been put on pause by the Nigerian Senate on 4 December 2024. It will return to debate early
Jan 2025: eFactură B2B e-invoicing regime extended to B2C; Simplified invoices; relaxed penalties Following B2B e-invoicing going mandatory on 1 July 2024, the Romanian Ministry of Finance has confirmed in draft Emergency Ordinance a number of new requirements from 1 January 2025. The full, eFactură
Preparations to replace GST with 18% VAT January 2026 The Liberian Ministry of Finance has refreshed a plan to introduce a Value Added Tax regime, replacing the existing 10% sales tax, GST. GST is currently levied as a charge on most supplies of goods and
Parliament votes to withdraw VND 1m VAT-exemption on B2C imports The Vietnamese parliament, the National Assembly, on 26 November 2024 voted to end its VND 1million (approx €36 or $40) low value consignment relief. This exempts from VAT parcels imported from Vietnam destined for consumers.
Voluntary digital e-invoicing (e-fapiao) goes statewide 1 December 2024 Following the completion of the phased pilot of the Chinese digital e-fapiao programme, the State Taxation Administration (STS) has confirmed on November 24 2024 the full statewide operation from 1 December. This places e-invoices on an
BIR published draft regulations for Jun 2025 VAT on non-resident digital service B2C providers & platforms The Bureau of Internal Revenue (BIR) has published draft regulations for the imposition of 12% VAT on foreign digital services providers (DSPs) to consumers . This follows the October
January 2027 proposed introduction of Goods and Services Tax A plan for the launch of 5% GST to Guernsey and Alderney in 2027 are to be developed following the November 2024 rejection of imposing an income tax rise are rejected. The islands Policy and Resources
